Report Update Nov 1, 2024

Ghana - Natural and Modified Natural Polymers in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Ghana: Natural Polymers Market 2024

Natural Polymers Market Size in Ghana

After two years of decline, the Ghanian natural polymers market increased by 295% to $X in 2021. Over the period under review, consumption recorded a temperate increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Natural Polymers Exports

Exports from Ghana

In 2021, after six years of growth, there was significant decline in shipments abroad of natural and modified natural polymers in primary forms, when their volume decreased by -93.8% to X tons. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 185% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped sharply in the following year.

In value terms, natural polymers exports dropped notably to $X in 2021. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 82%. Over the period under review, the exports reached the maximum at $X in 2020, and then shrank notably in the following year.

Exports by Country

Angola (X tons) was the main destination for natural polymers exports from Ghana, accounting for a 87% share of total exports. Moreover, natural polymers exports to Angola exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Angola stood at -94.5%.

In value terms, Angola ($X) remains the key foreign market for natural and modified natural polymers in primary forms exports from Ghana, comprising 79% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Angola stood at -94.3%.

Export Prices by Country

In 2021, the average natural polymers export price amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 67%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Angola amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+3.9%).

Natural Polymers Imports

Imports into Ghana

In 2021, the amount of natural and modified natural polymers in primary forms imported into Ghana surged to X tons, with an increase of 116% on 2020. Overall, imports enjoyed buoyant growth. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, natural polymers imports skyrocketed to $X in 2021. In general, imports posted a temperate expansion. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of natural polymers to Ghana, with a 47% share of total imports. Moreover, natural polymers imports from Canada exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from Canada totaled +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+14.4% per year) and China (+26.0% per year).

In value terms, the Netherlands ($X), Canada ($X) and Germany ($X) constituted the largest natural polymers suppliers to Ghana, with a combined 50% share of total imports. The UK, China, the United States, Cote d'Ivoire, South Africa and Italy lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, China, with a CAGR of +27.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average natural polymers import price amounted to $X per ton, surging by 9.2% against the previous year. In general, the import price, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 20%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+92.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural and modified natural polymers in primary forms in the world?

The countries with the highest volumes of in 2021 were China, Italy and the United States, with a combined 42% share of global consumption.

What are the largest producers of natural and modified natural polymers in primary forms in the world?

The country with the largest volume of natural polymers production was China, comprising approx. 32% of total volume. Moreover, natural polymers production in China exceeded the figures recorded by the second-largest producer, Italy, twofold. The third position in this ranking was occupied by the United States, with an 11% share.

What are the leading suppliers of natural and modified natural polymers in primary forms to Ghana?

In value terms, the Netherlands, Canada and Germany constituted the largest natural polymers suppliers to Ghana, together comprising 64% of total imports. China, Belgium, South Africa and the United States lagged somewhat behind, together accounting for a further 19%.

What are the leading importers of natural and modified natural polymers in primary forms from Ghana?

In value terms, the largest markets for natural polymers exported from Ghana were Cote d'Ivoire and India.

What is the average export price for natural and modified natural polymers in primary forms in Ghana?

In 2021, the average natural polymers export price amounted to $3,970 per ton, approximately equating the previous year.

What is the average import price for natural and modified natural polymers in primary forms in Ghana?

The average natural polymers import price stood at $3,211 per ton in 2021, surging by 6.6% against the previous year.

This report provides an in-depth analysis of the natural polymers market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20165960 - Natural and modified natural polymers, in primary forms (including alginic acid, hardened proteins, chemical derivatives of natural rubber)

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023